First factory under construction in Giao Long industrial park

Posted: Fri, 05/26/2011 - 14:32

The Yung Nam Garment Joint-Stock Company (co-invested by the HCMC-based Phuong Nam Garment Joint-Stock Company) is underway to start the construction of its factory in the Giao Long IP. This is the first company having received land in the IP to start its project.

As reported, the Company has leased 1.6 ha of land in the Giao Long IP, and is constructing a large factory with enough room for all of its 14 production lines capable of churning out 3 million products a year, all of which are for export. The Company is promising to attract between 600 and 700 workers when it goes into operation in October this year. The total capital it committed for investment in the project is VND16 billion.

To date, more than 10 businesses have received permits to invest in the Giao Long IP. 3 of them are foreign-invested entities. The total capital committed for investment are worth US$8.58 million and VND 208 billion.